Arianna Huffington and DJ Khaled pose on the red carpet. The dinner is Washington's annual opportunity to pretend it's hip. Reporters mingle with Hollywood stars, top sports figures, business leaders, administration officials and lawmakers who normally avoid the press.

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Photos:White House Correspondents' Dinner red carpet

Actors Scott Foley and Marika Dominczyk. The night is laced with humor and an address by the president. "It's a good thing for Washington to take itself down a peg for a night," said chief White House speechwriter Cody Keenan, who oversees the three-week-long process of putting the speech together. "There's nobody in America who would say 'hey, these politicians are poking fun at each other too much.' Because there's so much to make fun of!"

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Photos:White House Correspondents' Dinner red carpet

NBA player John Wall and his mother Frances Pulley.

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Actor Will Smith.

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Model Kendall Jenner.

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Television producer Shonda Rhimes.

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Actors Bryan Cranston and wife Robin Dearden.

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TV personality Omarose Onee Manigault (Omarosa).

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Actress Emma Watson at the Washington Hilton.

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Director Taylor Hackford and actress Helen Mirren.

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Tracee Ellis Ross and Anthony Anderson of "Black-ish."

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Soccer goalkeeper Hope Solo.

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Singer Aretha Franklin.

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CBS co-host Gayle King.

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Actress Jaimie Alexander.

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Story highlights

President Barack Obama appeared at his eighth and final White House Correspondents Dinner Saturday night

Not even the Democrats vying to succeed him, Hillary Clinton and Bernie Sanders, were spared

Washington (CNN)President Barack Obama appeared at his final White House Correspondents' Dinner Saturday night, taking aim at everything from the media to the Republican Party to Donald Trump. Not even the Democrats vying to succeed him, Hillary Clinton and Bernie Sanders, were spared.

Here's a look at his most memorable lines:

On life after the White House

"If this material works well, I'm gonna use it at Goldman Sachs next year. Earn me some serious Tubmans."

On being late

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"I do apologize, I know I was a little late tonight. I was running on CPT -- which stands for jokes that white people should not make."

On who will be the next president

"Next year at this time, someone else will be standing here in this very spot. And it's anyone's guess who she will be."

On Bernie Sanders

"We've got the bright new face of the Democratic Party here tonight, Mr. Bernie Sanders! Bernie, you look like a million bucks. Or to put it in terms you'll understand, you look like 37,000 donations of $27 each."

On how Trump could assist his administration

"There's one area where Donald's experience could be invaluable, and that's closing Guantanamo. Because Trump knows a thing or two about running waterfront properties into the ground."

On what Trump is doing right now

"I am a little hurt he's not here tonight. We had so much fun the last time. And it is surprising -- you have a room full of reporters, celebrities, cameras. And he says no. Is this dinner too tacky for The Donald? What could he be possibly doing instead? Eating a Trump Steak? Tweeting out insults to Angela Merkel? What's he doing?"

On comparing Michael Bloomberg to Trump

"I see Mike Bloomberg. Mike, a combative, controversial New York billionaire is leading the GOP primary and it's not you. That has to sting a little bit. Although it's not an entirely fair comparison between you and the Donald. After all, Mike was a big city mayor, he knows policy in-depth. And he's actually worth the amount of money that he says he is."